Techstars Ventures Into ConnXus

Techstars Ventures, the venture arm of Boulder-based startup accelerator operator TechStars, has made an investment into ConnXus, a developer of software to help companies meet supplier diversity goals. Techstars said it led the $5M financing round for ConnXus, which also included participation from Serious Change L.P., Impact America Fund and The Social Entrepreneurs' Fund (TSEF). ConnXus is based in Mason, Ohio, and is led by CEO Rob Robinson. Techstars said the investment follows an earlier seed funding from last year, which was made as part of its internal diversity initiatives. More information »